— Tax Services
Estate Tax in Nashville
Navigating the complexities of estate tax in Nashville, Presti & Naegele is your trusted partner. With more than 40 years of accounting expertise, we provide thorough estate tax services that protect your assets, ensure compliance, and offer peace of mind for you and your heirs. Whether planning ahead or dealing with an estate after a loss, we bring clarity and precision to these crucial financial matters. From the vibrant music scene of Broadway to the historic charm of the Parthenon, we understand the unique spirit of Nashville.
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Estate Tax Services
At Presti & Naegele, we empower individuals and businesses through expert advisory services. With personalized guidance, we build enduring partnerships and contribute to sustained success.
What Is the Meaning of Estate Tax?
Estate tax refers to a federal tax on the total value of a deceased person's assets at the time of death. These can include real estate, investments, business interests, and personal items, forming what the IRS calls the "gross estate." At Presti & Naegele, we assist clients in Nashville to understand asset inclusion, valuation determination, and how to reduce liabilities with strategic planning and detailed filing.
Our all-encompassing estate tax service covers every aspect—from recognizing taxable assets to preparing deductions and federal estate tax returns. We collaborate with executors, trustees, and family members to streamline the process and prevent costly errors.
Do You Have to Pay Taxes on Money Given to You When Someone Dies?
Usually, beneficiaries don't pay taxes on inherited assets, but there are important exceptions. Distributions from tax-deferred retirement accounts, for example, can have tax implications. Additionally, estates in Nashville might face federal and state taxes before distributing assets.
This is where Presti & Naegele makes a difference. Our estate tax experts clarify taxable items, identify opportunities to minimize estate tax exposure, and manage the rigorous documentation required by the IRS and Tennessee authorities. We ensure heirs receive their inheritance with minimal tax impact.
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Why Estate Tax Services Matter More Than Ever
Estate tax dealings are not just paperwork; they are about protecting legacies, easing family stress, and preserving what you've built over a lifetime. At Presti & Naegele, we recognize the emotional and financial depth of settling an estate. That’s why we provide not only tax calculations but also trusted guidance and unwavering support.
Our estate tax services tackle key challenges:
✔ We prevent legal issues and penalties from incorrect filings in Nashville.
✔ We reduce stress for families during difficult times.
✔ We reveal tax-saving opportunities others may overlook.
✔ We ensure complete IRS compliance, offering peace of mind.
Who Benefits Most from Estate Tax Services?
Our estate tax services are essential for:
✔ High-net-worth individuals in Nashville planning their estates proactively.
✔ Executors and trustees managing complex or high-value estates.
✔ Families wanting to ensure a loved one's wishes are respected and protected.
✔ Attorneys and financial advisors seeking trusted CPA partnerships.
Whether you're addressing estate tax for the first time or aiming to shield your estate from future liabilities, Presti & Naegele provides the clarity and strategy you require.
Long-Term Value That Extends Beyond the Estate
What sets Presti & Naegele apart is our ability to provide value long after the estate is settled. From helping families establish trusts and gifting strategies to advising on succession planning, our firm becomes a financial ally for life. Our insights and services go beyond estate tax—they build enduring financial resilience.
Why Choose Presti & Naegele for Estate Tax Services?
Presti & Naegele combines expert knowledge with a personalized touch. Here's why clients in Nashville and beyond choose us:
✔ Decades of experience navigating estate tax laws and regulations.
✔ Personalized attention from CPAs who care about your family's future in Nashville.
✔ Proactive strategies that enhance tax efficiency and protect assets.
✔ A full-service firm offering advisory, valuation, and forensic services for all financial needs.
At Presti & Naegele, we don't just prepare your estate tax return—we prepare you for what lies ahead.
Frequently Asked Questions About Estate Tax
How is estate tax calculated?
Estate tax is calculated based on the gross estate value, which includes all assets you own or control at the time of your death. This value is reduced by allowable deductions such as debts, funeral expenses, and charitable contributions. The resulting taxable estate is then assessed at the current federal estate tax rate. Our team ensures all possible deductions are accurately accounted for to reduce your estate tax liability.
What is the federal estate tax exemption?
As of 2025, the federal estate tax exemption allows individuals to transfer a certain amount—over $13 million tax-free—to heirs before estate tax applies. Married couples can often double this amount. Presti & Naegele helps you plan within these thresholds and recommends gifting strategies and trusts to optimize your exemption usage.
Is there a difference between inheritance tax and estate tax?
Yes. Estate tax is levied on the deceased’s estate before distribution to heirs, while inheritance tax is imposed on the beneficiaries after they receive their inheritance. New York does not have an inheritance tax, but understanding state and federal differences is essential. We guide you through both, ensuring full compliance and strategic planning.
What happens if an estate tax return is filed late?
Filing late can result in substantial penalties and interest. Executors are legally responsible for timely submission, which is why engaging an experienced accounting firm like Presti & Naegele is crucial. We meet all deadlines, handle extensions when necessary, and protect you from unnecessary penalties.
Can estate taxes be reduced or avoided?
Yes—through effective planning. Options include gifting during your lifetime, setting up trusts, charitable contributions, and leveraging the marital deduction. Our CPAs craft personalized strategies to significantly reduce estate tax exposure and preserve more of your legacy for future generations.
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Discover the transformative experiences shared by our satisfied clients. In their own words, they highlight the impact of Presti & Naegele's expert tax services, client accounting precision, and strategic guidance on their financial success. Read our reviews to gain insights into the personalized and enduring partnerships we've forged.
I have had my business for more than 10 years and struggled through several *truly awful* accountants. I found Presti & Naegele about 5 years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live.
Andy and the whole Presti Naegele team have been game changers as accountants for our business. My previous accountant was very hands-off and not accessible. Andy and his team are always available, willing and able to roll up their sleeves no matter what we throw at them. Highly recommend - do NOT hesitate to work with them!
